Episode 2506 CWSA 06/15/24 — Scott Adams Philosophy

Episodes › Episode #2506 › Segments

MainContent Economics & Finance

Back to episode — Episode 2506 CWSA 06/15/24

Context —

ng on the censorship industrial complex. And they just closed down because they had so much heat. But I don't trust it. Do you think that just because this prominent censorship entity got closed down, do you think that they're not going to do any censoring? I assume they just got more clever about it. Don't we assume that outside of X the platforms are all doing the same kind of bad stuff, maybe j…

← Previous segment →

t would be very disruptive to make that kind of a change but it's not impossible and it has some benefits. And the benefits are that it would make the country run like a company that's trying to make money. So we would try to sell our goods to other people and make more money than the other people were making by selling to us basically. So we would charge them for incoming stuff so their stuff was more expensive which would make it more profitable to build it internally. And then manufacturing could move back to America because the tariffs would make it expensive to buy things from other places.

Now if you add robots plus 3D printing and some tariffs you could pretty easily imagine the manufacturing coming back to America first slowly and then quickly, right? Once we get all the transportation and the electrical and everything worked out it might happen quickly after it goes slowly for a while. Anyway the biggest problem is that our current process as Balaji points out is that we just print money when we want to and it wouldn't work if you had a tariff. If you had a tariff you'd only have that money. But if you can just print money suddenly oh here's another trillion dollars. So how do you tell yourself to stop printing money just because the system is collapsing if you keep doing it? Hasn't stopped us yet. So yeah it's probably impossible from a bureaucratic point of view.

Here's a question I have. How big are the election whistleblower rewards this year? And don't tell me there aren't any because that would be crazy. Are you telling me that it's not obvious that if you were to find some trouble in 2024 and if you reported it and let's say if it's big enough that it would make a difference there's no reward? Here's why you need a whistleblower reward in advance. All right so Lara Trump, you should be listening to this. There should be, it should be known in advance that there will be a huge amount of money to any Democrat or anybody else who comes up with the goods like an actual prosecutable large form of fraud. Here's why you want to create a situation where people who have to get other people involved with their fraud, which probably would be the case if anybody was doing anything. Yeah it would take some insiders. You know you need somebody to drive a truck maybe, somebody to unlock a door, somebody to turn the other way. So probably any form of elect

Context —

ion cheating, hypothetically again I'm not aware of any proven forms in 2020 but hypothetically if someone was planning an op of that size other people would be involved. And if you had a big enough reward you can guarantee that the people who were involved in it would have to kill all the other people involved to avoid the whistleblower. Imagine putting a plot together. All right the five of us…

Next segment → →

← ← Previous segment

Next segment → →

Wisdom from this episode

"It would make the country run like a company that's trying to make money. So we would try to sell our goods to other people and make more money than the other people were making by selling to us basically. So we would charge them for incoming stuff so their stuff was more expensive which would make it more profitable to build it internally."

Tariffs would force a country to operate like a profit-seeking business by making imports more expensive, encouraging domestic production so that exports generate more value than imports cost.

"The biggest problem is that we just print money when we want to and it wouldn't work if you had a tariff. You'd only have that money. But if you can just print money suddenly oh here's another trillion dollars. So how do you tell yourself to stop printing money just because the system is collapsing if you keep doing it?"

A tariff system limits you to actual collected revenue, but the habit of printing unlimited money removes any discipline; when the system fails, leaders will simply print more instead of fixing it.

"You need a whistleblower reward in advance. It should be known in advance that there will be a huge amount of money to any Democrat or anybody else who comes up with the goods like an actual prosecutable large form of fraud. Here's why you want to create a situation where people who have to get other people involved with their fraud. It would take some insiders. You need somebody to drive a truck maybe, somebody to unlock a door, somebody to turn the other way."

Announce large rewards in advance for exposing major fraud. Big schemes require insiders and accomplices; offering them a fortune creates irresistible incentives to report it.